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decide he wins either way. he passed it in the house or he will blame going over the fiscal cliff on the republicans if they resist. completely in the driver's seat and he will l decide what is on the table at december 31 at 11:00 at night. >> let's look at the national debt clock. we surpassed the $16 trillion mark. $16.4 trillion. interest on the debt is huge. thereon what bayh boy said recently. >> servicing the debt hard now. this is interest rates at record lows. god forbid something should happen to cause interest rates go up a littlement we have seen nothing yet. interest rates eventually will go up. >> doug: in the negotiations we are ignoring the long-term implications of this. >> people are aware of it. >> part of is it the future generations. the damage that it could do if the interest rate goes up in short-term to the economic interest. the market did not retake alarm we're going over the fiscal cliff. in days to come and the prospects for after the cliff is that the market would say this is alarming that washington can't get the act together. we have to deal with the
are in the fiscal cliff is because a deal was made in the summer of 2011. for the sequester and all of that. on the assumption, an assumption that republicans would win and wouldn't be an issue. if you look at the broadest vision of this, this is a race that republicans should have won. but i agree. the primary process, 20 debates that degraded and hurt the brand. not the best set of candidates. did not put shining good light on the party. certainly hurt the brand. that was a race that should have been won and wasn't. a lot of tactical and strategic errors. >> doug: 15 seconds. >> the most important moment of the 2012 race from the republican side came before a vote was cast, before much money was raised. that was the series of potentially good candidates who didn't end up running, whether john thune or jeb bush or mitch daniels or ryan or rubio. group of candidates that might have been able to carry a stronger message without being burdened by what nina is speaking about. >> doug: that is it for the panel. stave tuned to see one awesome, truly awesome graduation ceremony. business pr. exec
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